Business Daily from THE HINDU group of publications
Wednesday, Nov 11, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Nov 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Corporate
-
Performance Highest ever monthly sales in Oct, says Volkswagen India chief Our Bureau New Delhi, Nov. 10 Volkswagen India said on Tuesday that sales in October have shown a 38 per cent growth over the same month last year. The group is also targeting to corner 8 per cent market share by 2014. “We’ve had the best ever monthly sales in October this year. The market has recovered and we’re on a growth track,” said Mr Jorg Muller, Group Chief Representative, Volkswagen India. However, he declined to give specific sales figures. The Volkswagen Group, which includes Skoda, Audi and Lamborghini brands in India, currently enjoys an overall 1.5 per cent market share. The German automaker is slated to launch its iconic hatchback Beetle next month, followed by the small-car Polo in January next year. The company has also invested Rs 3,600 crore in a new plant in Chakan near Pune which would have a maximum capacity of 1.1 lakh units a year. This plant started operations in March and aims to achieve full production by 2012. According to a company official, Volkswagen is also planning to bring the sports utility vehicle Touareg and luxury sedan Phaeton into India as a completely built unit. More Stories on : Performance | Cars
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|